QUESTION $9$

$2\mathrm{.}5$ poin

Mr$.$ David Harrison and Mr$.$ Kelly Black started a $50-50$ partnership business a few years ago which is called New Century Co$.$ Mr$.$ Harrison invested $$40,000$ in this business. The firm has recently declared bankruptcy and has $$60,000$ in unpaid debts. What is the payments liability for Mr$.$ Harrison?

A$.$ Initially, Mr$.$ Harrison is liable for $$30,000(50\%$ of total unpaid debts$).$ But if his partner Mr$.$ Black cannot cover half the debt, Mr$.$ Harrison is liable for the full amount of $$60,000.$

B$.$ Mr$.$ Harrison's liability is limited to his initial investment of $$40,000.$

C$.$ Mr$.$ Harrison is not liable for the debts, only his partner Mr$.$ Black is liable.

D$.$ Mr$.$ Harrison is liable for $$30,000$